Investor Relations

NOVATO, Calif.--(BUSINESS WIRE)-- Bank of Marin Bancorp (NASDQ:BMRC) President and CEO Russell A. Colombo announced earlier today that on Friday, April 17, 2009, the Board of Directors of Bank of Marin Bancorp declared a cash dividend of $0.14 per share. The cash dividend is payable on May 15, 2009 to shareholders of record at the close of business on May 1, 2009.

"We are pleased to continue our cash dividend for the fifteenth consecutive quarter, providing a solid return on investment to our shareholders," said Russell Colombo, President and Chief Executive Officer. "Our continued excellent results in this challenging market are a tribute to our conservative and solid loan underwriting and the relationships we have built with our customers and the communities we serve."

Bancorp's assets currently exceed $1 billion. Bank of Marin, as the sole subsidiary of Bancorp, operates twelve branch offices in California and a commercial loan production office in San Francisco. The Bank's Administrative offices are located in Novato, California and its Wealth Management Services are located in Corte Madera, Novato and Petaluma, California. Bank of Marin has received a superior five-star rating from Bauer Financial for 39 consecutive quarters, and been named to the Bauer Financial recommended list for 68 quarters (www.bauerfinancial.com). The Bank has also received the distinction of being rated number 19 out of 317 California banks by The Street as of December 31, 2008, and was awarded one of the "Best Places to Work in the Bay Area" by the San Francisco Business Times. For more information, visit Bank of Marin at www.bankofmarin.com.

This release may contain certain forward-looking statements that are based on management's current expectations regarding economic, legislative, and regulatory issues that may impact Bancorp's earnings in future periods. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include the words "believe," "expect," "intend," "estimate" or words of similar meaning, or future or conditional verbs such as "will," "would," "should," "could" or "may." Factors that could cause future results to vary materially from current management expectations include, but are not limited to, general economic conditions, the current financial turmoil in the United States and abroad, changes in interest rates, deposit flows, real estate values, and competition; changes in accounting principles, policies or guidelines; changes in legislation or regulation; and other economic, competitive, governmental, regulatory and technological factors affecting Bancorp's operations, pricing, products and services. These and other important factors are detailed in various securities law filings made periodically by Bancorp or the Bank, copies of which are available from Bancorp without charge. Bancorp undertakes no obligation to release publicly the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events.

    Source: Bank of Marin Bancorp